Federal pension definition

Federal pension means any form of retire- ment allowance provided by the federal government, its agencies or its instrumentalities to retirees of the federal government or their beneficiaries.
Sample 1Sample 2Sample 3
Federal pension means any form of retirement allowance provided by the federal govern- ment, its agencies or its instrumentalities to retirees of the federal government or their benefici- aries.
Sample 1Sample 2Sample 3

Examples of Federal pension in a sentence

  • Under U.S. Federal pension law, because the Debtors and MSC have a common ultimate parent, Momentive Holdings LLC, and therefore may be treated as members of the same "controlled group," the Debtors are potentially liable for required contributions to the MSC pension plan if MSC fails to make those contributions.

  • Federal pension income that is attributable to federal employment occurring before October 1, 1991, shall be determined by multiplying the total amount of federal pension income for the tax year by the ratio of the number of months of federal creditable service occurring before October 1, 1991, over the total number of months of federal creditable service.

  • Under certain very limited circumstances prescribed under the Federal pension laws, in the case of small pensions, the Plan will pay you a cash settlement of the full value of your pension credits, in lieu of a deferred pension, and in full settlement of your rights under the Plan.

  • Federal pension income that is attribut- able to federal employment occurring before October 1, 1991.

  • Federal pension income that is attributable to federal employment occurring before October 1, 1991.

  • Federal pension legislation applies to members employed in sectors that fall within federal areas of constitutional authority (e.g., the federal public service, or the banking and telecommunications sectors), regardless of the province in which members are employed.

  • The position processes a wide variety of complex compensation transactions (promotion/increase/payment recovery/terminations/adjustments) and ensures data integrity for GN’s Human Resources Information System (HRIS), ePersonality (eP), Carrier’s Benefit HRIS system (GroupNet) and Federal pension information system (DCT).

  • It would allow the Secretary to reduce an employee’s Federal pension if they are convicted of a felony that influenced their job at VA.

  • Federal pension legislation applies to plans covering members employed in sectors that fall within federal areas of constitutional authority.

  • However, if you are married or party to a common-law relationship at the date of your retirement, Federal pension laws require that the pension be paid in a form which continues to your spouse after your death, for the rest of his/her life, in an amount not less than 60% of the pension you were receiving.

Related to Federal pension

  • war pension means a war disablement pension, a war widow’s pension or a war widower’s pension;

  • occupational pension means any pension or other periodical payment under an occupational pension scheme but does not include any discretionary payment out of a fund established for relieving hardship in particular cases;

  • Single Life Annuity means an annuity payable for the life of a Participant.

  • state pension credit means state pension credit under the State Pension Credit Act 2002;

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Federal Award means an award of Federal financial assistance or a cost-reimbursement contract under the Federal Acquisition Requirements by a Federal Awarding Agency to a Recipient. “Federal Award” also means an agreement setting forth the terms and conditions of the Federal Award. The term does not include payments to a contractor or payments to an individual that is a beneficiary of a Federal program.

  • Actuarial equivalent means a benefit of equal value when

  • Retirement Benefit means the benefit set forth in Article 5.

  • Company Pension Plan means each: (a) Company Employee Plan that is an “employee pension benefit plan,” within the meaning of Section 3(2) of ERISA; or (b) other occupational pension plan, including any final salary or money purchase plan.

  • life annuity means an annuity payable under a policy issued to an SRS member for a term ending with, or at a time ascertainable only by reference to, the end of his life;

  • relevant benefit means any benefit specified in paragraph 21(2); and

  • qualifying age for state pension credit means (in accordance with section 1(2)(b) and (6) of the State Pension Credit Act 2002)—

  • Pension Benefit means a pension, annuity, gratuity or similar allowance which is payable—

  • Supplemental Benefit means the monthly benefit payable to the Executive under this Agreement.

  • Public benefit means making capital available, or facilitating the availability of capital, to businesses in this state that have 750 or fewer employees, the intent of which is to create or retain employment opportunities for residents of this state, stabilize or increase the tax base of this state, or support the redevelopment of facilities for use by small businesses.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Qualified Plan means a Benefit Arrangement that is intended to be tax-qualified under Section 401(a) of the Internal Revenue Code.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Disability Support Pension means the Commonwealth pension scheme to provide income security for persons with a disability as provided under the Social Security Act 1991, as amended from time to time, or any successor to that scheme.

  • Required Beginning Date means April 1 of the calendar year following the later of:

  • Termination Benefit means the benefit set forth in Article 7.

  • Federal program means any of the following:

  • Foreign Benefit Law means any applicable statute, law, ordinance, code, rule, regulation, order or decree of any foreign nation or any province, state, territory, protectorate or other political subdivision thereof regulating, relating to, or imposing liability or standards of conduct concerning, any Employee Benefit Plan.

  • Surviving Spouse means the widow or widower, as the case may be, of a Deceased Participant or a Deceased Beneficiary (as applicable).

  • SERP Benefit means the benefit described in Section 5.1.

  • Annuity means a stated sum payable periodically at stated times during life or during a specified or ascertainable period of time under an obligation to make the payments in return for adequate and full consideration in money or money's worth.